H
Seller's Agent in 2024
Heung Pak
BA Property & Lifestyle Advisors
77 Linwood Ave Melrose, MA 02176
Oak Grove-Pine Banks NeighborhoodEstimated Value: $950,000 - $1,022,000
5
Beds
3
Baths
1,958
Sq Ft
$496/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 1 Fireplace
- Home Office
- Lincoln Elementary School Rated A-
- Mud Room
- 3-minute walk to Lynde Park
About This Home
As of August 2024Ideal investment opportunity with flexible living. This versatile property is tailor-made investment for investors, first-time buyers, those looking for multigenerational living options. and or just a comfortable home with a terriffic rental history and great potential to keep going. The main unit features 2 beds, 2 baths, a convenient laundry/mud room, with high ceiling creating a spacious feel while being cooled by the ceiling fans and parking in a private garage. The upstairs second unit spreads out over two floors with 3 bedrooms, a bonus office space, and a private deck ideal for relaxing or entertaining. Both units enjoy amenities like ample off-street parking, a sunny front porch, and a generous backyard, adding value and appeal to the home. Situated a short mile away from OakGrove station whilst just minutes from Wyoming Hill commuter rail and vibrant downtown Melrose shopping and restaurants. This home has convenience at its doorsteps.
Last Agent to Sell the Property
Heung Pak
BA Property & Lifestyle Advisors Listed on: 06/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,387
Year Built
- Built in 1895
Lot Details
- 9,357 Sq Ft Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
Interior Spaces
- 1,958 Sq Ft Home
- Property has 1 Level
- Crown Molding
- Ceiling Fan
- Skylights
- 1 Fireplace
- Mud Room
- Living Room
- Home Office
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Bathtub
- Separate Shower
Laundry
- Dryer
- Washer
Schools
- Melrose Middle School
- MHS High School
Utilities
- Window Unit Cooling System
- 2 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Community Details
- 2 Units
- Net Operating Income $58,800
Listing and Financial Details
- Total Actual Rent $4,900
- Rent includes unit 1(water none), unit 2(water none)
- Assessor Parcel Number 654493
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2016
Closed on
Dec 5, 2016
Sold by
Guy Randy and Guy Christine S
Bought by
Garten James R and Garten Gina M
Seller's Agent
Lori Penney
ERA Key Realty Services
Buyer's Agent
Heung Pak
BA Property & Lifestyle Advisors
List Price
$649,999
Sold Price
$630,000
Premium/Discount to List
-$19,999
-3.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,694
Avg. Annual Appreciation
5.08%
Original Mortgage
$618,589
Interest Rate
3.52%
Mortgage Type
FHA
Purchase Details
Listed on
May 15, 2014
Closed on
Oct 27, 2014
Sold by
Bakewell Julie M
Bought by
Guy Christine S and Guy Randy
Seller's Agent
Bill Butler
Leading Edge Real Estate
Buyer's Agent
Lori Penney
ERA Key Realty Services
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.29%
Original Mortgage
$337,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 2, 2010
Sold by
Independent Investmen
Bought by
Bakewell Julie M
Purchase Details
Closed on
Nov 25, 2009
Sold by
Pissara Aldari H and Oliveria Alexandre
Bought by
Independent Investme L
Purchase Details
Closed on
Sep 2, 2004
Sold by
Moreau Robert E
Bought by
Pissarra Aldari H and Oliveria Alexandre
Purchase Details
Closed on
Oct 4, 1999
Sold by
Dibenedetto Philomena and Lino Patricia E
Bought by
Moreau Philomena T
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garten James R | $630,000 | -- | |
| Guy Christine S | $450,000 | -- | |
| Bakewell Julie M | $348,000 | -- | |
| Bakewell Julie M | $348,000 | -- | |
| Independent Investme L | $250,000 | -- | |
| Independent Investme L | $250,000 | -- | |
| Pissarra Aldari H | $406,000 | -- | |
| Pissarra Aldari H | $406,000 | -- | |
| Moreau Philomena T | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Xiaomei | $600,000 | |
| Closed | Chen Xiaomei | $600,000 | |
| Closed | Garten James R | $600,000 | |
| Closed | Garten James R | $596,000 | |
| Closed | Garten James R | $618,589 | |
| Previous Owner | Guy Randy | $336,100 | |
| Previous Owner | Guy Christine S | $337,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2024 08/01/24 | Sold | $920,000 | +2.3% | $470 / Sq Ft |
| 06/18/2024 06/18/24 | Pending | -- | -- | -- |
| 06/13/2024 06/13/24 | For Sale | $899,000 | +42.7% | $459 / Sq Ft |
| 12/05/2016 12/05/16 | Sold | $630,000 | 0.0% | $242 / Sq Ft |
| 10/16/2016 10/16/16 | Pending | -- | -- | -- |
| 10/14/2016 10/14/16 | Price Changed | $629,999 | -3.1% | $242 / Sq Ft |
| 10/06/2016 10/06/16 | For Sale | $649,999 | 0.0% | $250 / Sq Ft |
| 10/04/2016 10/04/16 | Pending | -- | -- | -- |
| 09/20/2016 09/20/16 | For Sale | $649,999 | +44.4% | $250 / Sq Ft |
| 10/27/2014 10/27/14 | Sold | $450,000 | -14.3% | $230 / Sq Ft |
| 09/27/2014 09/27/14 | Pending | -- | -- | -- |
| 05/15/2014 05/15/14 | For Sale | $525,000 | -- | $268 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $89 | $898,500 | $438,800 | $459,700 |
| 2024 | $8,387 | $844,600 | $410,500 | $434,100 |
| 2023 | $8,399 | $806,000 | $382,200 | $423,800 |
| 2022 | $8,205 | $776,300 | $368,000 | $408,300 |
| 2021 | $8,058 | $735,900 | $368,000 | $367,900 |
| 2020 | $7,742 | $700,600 | $339,700 | $360,900 |
| 2019 | $7,142 | $660,700 | $311,400 | $349,300 |
| 2018 | $6,752 | $595,900 | $258,300 | $337,600 |
| 2017 | $5,552 | $470,500 | $247,700 | $222,800 |
| 2016 | $5,047 | $409,300 | $212,300 | $197,000 |
| 2015 | $5,152 | $397,500 | $201,700 | $195,800 |
| 2014 | $4,805 | $361,800 | $184,000 | $177,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Chris Chan
C
Buyer's Agent in 2024
Chris Chan
Move2Boston Group, LLC
(617) 447-3616
1 in this area
7 Total Sales
-
Lori Penney
Seller's Agent in 2016
Lori Penney
ERA Key Realty Services
(978) 375-2520
276 Total Sales
-
B
Seller's Agent in 2014
Bill Butler
Leading Edge Real Estate
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73252247
APN: MELR-000005D-000000-000100
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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